Keeley Teton Advisors LLC Has $1.74 Million Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Keeley Teton Advisors LLC decreased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,411 shares of the technology company's stock after selling 12,760 shares during the quarter. Keeley Teton Advisors LLC owned about 0.11% of NetScout Systems worth $1,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NTCT. Geode Capital Management LLC raised its position in NetScout Systems by 4.4% during the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company's stock worth $41,975,000 after acquiring an additional 81,154 shares in the last quarter. Victory Capital Management Inc. lifted its stake in NetScout Systems by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company's stock valued at $1,744,000 after purchasing an additional 28,583 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NetScout Systems by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company's stock worth $27,100,000 after purchasing an additional 85,713 shares during the period. Vanguard Group Inc. increased its position in NetScout Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company's stock worth $202,597,000 after buying an additional 64,475 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in NetScout Systems by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 347,650 shares of the technology company's stock valued at $7,530,000 after buying an additional 11,617 shares during the period. Institutional investors own 91.64% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their target price on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st.

Insider Buying and Selling

In other news, COO Michael Szabados sold 6,500 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the transaction, the chief operating officer now owns 35,989 shares of the company's stock, valued at $844,661.83. This represents a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now owns 71,361 shares in the company, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,499 shares of company stock valued at $512,321 over the last quarter. 3.71% of the stock is owned by company insiders.

NetScout Systems Stock Performance

Shares of NTCT traded down $0.10 during midday trading on Monday, reaching $19.74. 78,288 shares of the stock were exchanged, compared to its average volume of 537,584. The stock's 50 day simple moving average is $21.54 and its 200 day simple moving average is $21.87. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The company has a market cap of $1.42 billion, a P/E ratio of -3.37 and a beta of 0.66. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. On average, sell-side analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

NetScout Systems Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.